Insulated Concrete Form Icf
PUBLISHED: 2025 ID: SMRC28370
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Insulated Concrete Form Icf

Insulated Concrete Form (ICF) Market Forecasts to 2030 - Global Analysis By Type (Flat Wall Systems and Grid Wall Systems), Material (Expanded Polystyrene, Extruded Polystyrene, Polyurethane Foam and Other Materials), End User and By Geography

4.8 (61 reviews)
4.8 (61 reviews)
Published: 2025 ID: SMRC28370

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $976.7 MN

Projected Year Value (2030)

US $1488.2 MN

CAGR (2024-2030)

7.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Insulated Concrete Form (ICF) Market is accounted for $976.7 million in 2024 and is expected to reach $1488.2 million by 2030 growing at a CAGR of 7.2% during the forecast period. Insulated Concrete Forms (ICF) are a construction system that make use of lightweight, interlocking foam blocks or panels to form the framework of a structure. These forms are filled with concrete, which offers insulation, energy efficiency, and increased durability. ICFs are frequently used for walls in residential and commercial buildings, providing advantages such as soundproofing, thermal insulation, and resistance to fire, mold, and weather extremes, making them an economical and environmentally friendly building solution.

According to the International Energy Agency (IEA), buildings are responsible for approximately 28% of global energy-related carbon emissions.

Market Dynamics:

Driver: 

Growth in urban construction projects

The rising demand for energy-efficient and disaster-resilient buildings in urban areas is a key driver for the ICF market. Urbanization has led to increased construction activities, particularly in residential and commercial sectors, where ICFs are preferred for their durability, thermal insulation, and reduced construction time. Additionally, government incentives promoting sustainable building practices further boost the adoption of ICFs, making urban construction a significant contributor to market growth.

Restraint:

Lack of knowledge among contractors

A major restraint is the limited awareness and expertise among contractors regarding ICF systems. Specialized training is required to install ICFs effectively, which increases labor costs and discourages adoption. This knowledge gap often leads contractors to opt for traditional construction methods, thereby limiting the market's growth potential, especially in regions with less exposure to advanced building technologies.

Opportunity:

Innovations in material composition and design

Ongoing innovations in ICF materials and designs present significant opportunities. Enhanced material properties, such as improved fire resistance and environmental sustainability, along with modular designs that simplify installation, have expanded the application scope of ICFs. These advancements not only reduce costs but also increase the appeal of ICFs for diverse construction projects, driving future market expansion.

Threat:

Competition from alternatives

The availability of alternative building materials like precast concrete panels and traditional wood framing poses a threat to the ICF market. These alternatives are often more cost-effective and familiar to contractors, making them a preferred choice in certain markets. Additionally, fluctuating raw material prices for ICF production can further intensify competition from these substitutes.

Covid-19 Impact: 

The COVID-19 pandemic negatively impacted the ICF market due to delays in construction projects caused by labor shortages, supply chain disruptions, and lockdown measures. Resources were diverted toward healthcare infrastructure, reducing demand for ICFs in other sectors. However, post-pandemic recovery has been marked by a resurgence in construction activities, particularly energy-efficient projects, which is expected to drive market growth.

The expanded polystyrene (EPS) segment is expected to be the largest during the forecast period

The expanded polystyrene (EPS) segment is expected to dominate due to its superior insulating properties, durability, and cost-effectiveness. EPS-based ICFs are widely used in walls and roofs for their ability to withstand extreme weather conditions and provide energy efficiency. EPS's compatibility with various architectural designs and its growing usage in sustainable construction further reinforce its position as the largest segment during the forecast period.

The commercial construction segment is expected to have the highest CAGR during the forecast period

The commercial construction segment is expected to witness the highest CAGR owing to the growing adoption of energy-efficient and resilient building materials. ICFs cater to the rising demand for sustainable solutions in office complexes, retail spaces, and industrial facilities. The segment benefits from increasing investments in commercial infrastructure and regulatory frameworks favoring eco-friendly construction practices, driving robust growth over the forecast period.

Region with largest share:

North America is anticipated to hold the largest market share due to favorable government policies promoting energy-efficient materials and sustainable construction practices. Programs like Canada’s Affordable Housing Initiative have boosted the adoption of ICFs in residential and commercial projects. High consumer awareness regarding energy efficiency further solidifies the region's dominance.

Region with highest CAGR:

Asia Pacific is anticipated to register the highest CAGR due to rising urbanization and large-scale infrastructure projects in countries like China and India. The increasing adoption of modern construction techniques and government initiatives promoting green buildings are driving demand for ICFs. This rapid growth underscores Asia Pacific's potential as a key market for future expansion.

Key players in the market

Some of the key players in Insulated Concrete Form (ICF) Market include RPM International Inc., Amvic Inc., Logix Insulated Concrete Forms, Fox Blocks, BuildBlock Building Systems, BASF, Beco Products, Polycrete International, Rastra, SISMO, Quad-Lock Building Systems, KORE, LiteForm, SuperForm Products, Durisol and ConForm Global.

Key Developments:

In October 2024, RPM International Inc. announced that TMP Convert SAS (TMPC) has been acquired to be part of its Fibergrate Structures (Fibergrate) business, which is part of RPM’s Performance Coatings Group. TMPC is based in Simandre-sur-Suran, France, and is a leading manufacturer of outdoor design and landscape products under the JOUPLAST® and OCAPE® brands. The company has annual net sales of approximately €35 million and terms of the transaction were not disclosed.

In March 2023, Amvic Building System, now comprising six organizations, will move forward into this year with a new name: Alleguard. This new brand captures the allegiance we and our customers share, as well as our commitment to providing protective foam solutions for any customer need across the industries we serve.

In October 2021, BuildBlock Building Systems, manufacturer of BuildBlock Insulating Concrete Forms (ICFs), as a primary member of the Insulating Concrete Forms Manufacturers Association is proud to partner with the National Ready Mixed Concrete Association (NRMCA) as a part of their Build with Strength 2.0 program. Through BWS2.0, the NRMCA is partnering with Habitat for Humanity International to provide safe and sustainable housing across the United States. As a partnered supplier, BuildBlock will be working with several Habitat builds over the next 5 years. BuildBlock will also be providing hands-on ICF installation training and technical support during construction. The first of many BuildBlock builds is set to begin construction in the summer of 2021.

Types Covered:
• Flat Wall Systems
• Grid Wall Systems

Materials Covered:
• Expanded Polystyrene (EPS)
• Extruded Polystyrene (XPS)
• Polyurethane Foam
• Other Materials

End Users Covered:
• Residential Construction
• Commercial Construction
• Infrastructure Construction

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface    
  
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Insulated Concrete Form (ICF) Market, By Type       
 5.1 Introduction      
 5.2 Flat Wall Systems      
 5.3 Grid Wall Systems      
  5.3.1 Screen Grid Systems     
  5.3.2 Waffle Grid Systems     
  5.3.3 Post & Lintel Systems     
        
6 Global Insulated Concrete Form (ICF) Market, By Material       
 6.1 Introduction      
 6.2 Expanded Polystyrene (EPS)      
 6.3 Extruded Polystyrene (XPS)      
 6.4 Polyurethane Foam      
 6.5 Other Materials      
        
7 Global Insulated Concrete Form (ICF) Market, By End User       
 7.1 Introduction      
 7.2 Residential Construction      
  7.2.1 Single-Family Homes     
  7.2.2 Multi-Family Housing     
 7.3 Commercial Construction      
  7.3.1 Office Buildings     
  7.3.2 Retail Spaces     
  7.3.3 Industrial Facilities     
  7.3.4 Educational Institutions     
  7.3.5 Healthcare Facilities     
 7.4 Infrastructure Construction      
  7.4.1 Underground Structures     
  7.4.2 Retaining Walls     
  7.4.3 Agricultural Buildings     
  7.4.4 Cold Storage Facilities     
        
8 Global Insulated Concrete Form (ICF) Market, By Geography       
 8.1 Introduction      
 8.2 North America      
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America     
 8.6 Middle East & Africa      
  8.6.1 Saudi Arabia     
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa     
        
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers      
 9.3 New Product Launch      
 9.4 Expansions      
 9.5 Other Key Strategies      
        
10 Company Profiling       
 10.1 RPM International Inc.      
 10.2 Amvic Inc.      
 10.3 Logix Insulated Concrete Forms      
 10.4 Fox Blocks      
 10.5 BuildBlock Building Systems      
 10.6 BASF      
 10.7 Beco Products      
 10.8 Polycrete International      
 10.9 Rastra      
 10.10 SISMO      
 10.11 Quad-Lock Building Systems      
 10.12 KORE      
 10.13 LiteForm      
 10.14 SuperForm Products      
 10.15 Durisol      
 10.16 ConForm Global      
        
List of Tables        
1 Global Insulated Concrete Form (ICF) Market Outlook, By Region (2022-2030) ($MN)       
2 Global Insulated Concrete Form (ICF) Market Outlook, By Type (2022-2030) ($MN)       
3 Global Insulated Concrete Form (ICF) Market Outlook, By Flat Wall Systems (2022-2030) ($MN)       
4 Global Insulated Concrete Form (ICF) Market Outlook, By Grid Wall Systems (2022-2030) ($MN)       
5 Global Insulated Concrete Form (ICF) Market Outlook, By Screen Grid Systems (2022-2030) ($MN)       
6 Global Insulated Concrete Form (ICF) Market Outlook, By Waffle Grid Systems (2022-2030) ($MN)       
7 Global Insulated Concrete Form (ICF) Market Outlook, By Post & Lintel Systems (2022-2030) ($MN)       
8 Global Insulated Concrete Form (ICF) Market Outlook, By Material (2022-2030) ($MN)       
9 Global Insulated Concrete Form (ICF) Market Outlook, By Expanded Polystyrene (EPS) (2022-2030) ($MN)       
10 Global Insulated Concrete Form (ICF) Market Outlook, By Extruded Polystyrene (XPS) (2022-2030) ($MN)       
11 Global Insulated Concrete Form (ICF) Market Outlook, By Polyurethane Foam (2022-2030) ($MN)       
12 Global Insulated Concrete Form (ICF) Market Outlook, By Other Materials (2022-2030) ($MN)       
13 Global Insulated Concrete Form (ICF) Market Outlook, By End User (2022-2030) ($MN)       
14 Global Insulated Concrete Form (ICF) Market Outlook, By Residential Construction (2022-2030) ($MN)       
15 Global Insulated Concrete Form (ICF) Market Outlook, By Single-Family Homes (2022-2030) ($MN)       
16 Global Insulated Concrete Form (ICF) Market Outlook, By Multi-Family Housing (2022-2030) ($MN)       
17 Global Insulated Concrete Form (ICF) Market Outlook, By Commercial Construction (2022-2030) ($MN)       
18 Global Insulated Concrete Form (ICF) Market Outlook, By Office Buildings (2022-2030) ($MN)       
19 Global Insulated Concrete Form (ICF) Market Outlook, By Retail Spaces (2022-2030) ($MN)       
20 Global Insulated Concrete Form (ICF) Market Outlook, By Industrial Facilities (2022-2030) ($MN)       
21 Global Insulated Concrete Form (ICF) Market Outlook, By Educational Institutions (2022-2030) ($MN)       
22 Global Insulated Concrete Form (ICF) Market Outlook, By Healthcare Facilities (2022-2030) ($MN)       
23 Global Insulated Concrete Form (ICF) Market Outlook, By Infrastructure Construction (2022-2030) ($MN)       
24 Global Insulated Concrete Form (ICF) Market Outlook, By Underground Structures (2022-2030) ($MN)       
25 Global Insulated Concrete Form (ICF) Market Outlook, By Retaining Walls (2022-2030) ($MN)       
26 Global Insulated Concrete Form (ICF) Market Outlook, By Agricultural Buildings (2022-2030) ($MN)       
27 Global Insulated Concrete Form (ICF) Market Outlook, By Cold Storage Facilities (2022-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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